STORE PROGRAM

PROGRAM GUIDE - ELIGIBILITY and REQUIREMENTS: The Store Program is designed to cover a wide array of retail businesses.

Coverage Available as:
Commercial Package Policy or Monoline Commercial General Liability

Building (if owned) - Business Personal Property coverage - Commercial General Liability coverage for Premises Liability only

Application

USE: STORE APPLICATION - GIC Store

Property Limits

MAXIMUM Property Limits Including WINDSTORM OR HAIL

THE MAXIMUM AVAILABLE LIMIT on any one risk, for all Section I exposures, with WIND OR HAIL is $1,250,000. This includes coverages for ALL Buildings, Your Business Personal Property and Business Income.

MAXIMUM Property Limits Excluding WINDSTORM OR HAIL

THE MAXIMUM AVAILABLE LIMIT on any one risk, for all Section I exposures, excluding WIND OR HAIL is $1,250,000. This includes coverages for ALL Buildings, Your Business Personal Property and Business Income.

AGE CRITERIA FOR BUILDINGS

Coverage for buildings over 50 years old will be unacceptable, unless an evidence of updates for heating, cooling, electrical and plumbing systems are included with submission.

ROOF AGE CRITERIA FOR BUILDINGS WITH WIND COVERAGE

Buildings over 25 years old- Evidence of roof replacement will be required upon binding.
Acceptable evidence: Roofing permit.

EQUIPMENT BREAKDOWN COVERAGE INCLUDED

Every policy covering property (Buildings or BPP or both) automatically includes coverage for damage caused by such perils as artificially generated electrical current, mechanical breakdown, pressure equipment losses and more.

The following is just a sample of the type equipment that can be protected by equipment breakdown coverage:

• Heating and air conditioning units
• Refrigeration units
• Computers
• Communication equipment
• Emergency Generators
• Diagnostic equipment
• Electronic equipment

Prohibited Classes for Property Coverage

• Antique Store
• Consignment Store
• Chemical Store
• Collectible Store
• Gun Shops
• Pawn Shops

General Liability

Maximum Coverage Limits:

• $1,000,000 Each Occurrence
• $2,000,000 General Aggregate
• $1,000,000 Products and Completed Operations Aggregate
• $100,000 Damage to Premises Rented to You (Fire Damage) –Any one Premises
• $5,000 Medical Expense Limit (any one person)

Class Codes

• 18437 - Stores, No Food or Drink
  Rating Basis - Sales

Eligible Classes

• Clothing Stores
• Fabric Stores
• Hardware Stores
• Camera Stores
• Gift Shops
• Paint Stores
• Wallpaper Stores
• Toy Stores
• Music Stores
• Floor Covering Stores
• Optical Goods Stores
• Shoe Stores
• Shoe Repair Stores
• Sporting Goods Stores
• Athletic Equipment Stores
• Stationery Stores
• Furniture Stores
• Home Improvement Stores
• Antique Stores
• Consignment Stores
• Carpet Stores
• Collectible Stores
• Dollar Stores
• Jewelry Stores
• Florist Stores
• Book & Magazine Stores
• Cellular Phone Stores
• Electronic Stores
• Beauty Supply Stores
• Check Cashing Stores
• Bait & Tackle Stores
• Computer Stores
• Variety Stores
• Cosmetics Stores
• Video Stores
• Stores not specifically listed may still be eligible - please contact a GIC Underwriter

Prohibited Classes

• Chemical Store
• Gun Shops
• Pawn Shops
• Risks that sell products under their name or label

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